ResourcesResources about e-procurement, spend visibility, growing revenues, the future of procurement and more
We all like to start the New Year with good intentions and aspirations about what we will achieve during the coming year. If you intend to make 2016 a year in which you grow your business here are a few ideas that might help.
In procurement circles, it is widely accepted that the Pareto Principle holds true. 80% of a companies spend touches just 20% of suppliers. Conversely, 20% of a company's annual spend is with 80% of the supplier base. Naturally, when companies are looking for cost...
20% of the typical companies spend is complex expenditure but many companies struggle to account for this type of spend. Do you know how much your business spent today on complex products & services… …locally, nationally or globally? How much do you spend on...
Managing suppliers can be difficult and time consuming. In today’s rapidly changing world companies need good suppliers more than ever. Supplier managers face many challenges such as needing to find way’s to find new suppliers quickly and easily. They need to be able...
5 steps for PSPs to increase revenues presentation from Claritum 5 Steps for PSPs to increase revenues Are you growing as quickly as you would like? For Procurement Service Providers (PSPs) offering:marketing services, print & packaging, signage & apparel,...
In this explainer video we look at the case of Jim, a procurement specialist, who is having some problems with his suppliers and would like to be able to manage his work load more efficiently.
Why build a procurement dashboard? If you spend a lot of your time looking at reports and trying to make sense of the information you get from different sources such as excel spreadsheets, ERP systems, accounting software, databases and manual forms then you could benefit from building a procurement dashboard.
Video introducing Claritum’s spend management platorm and capability. Claritum helps you to maximise on spend under management.
Supply chain management is an important process for most companies because an efficient and streamlined supply chain will improve the efficiency of the business and will ultimately translate to lower costs and higher profits.
Complex indirect spend categories or ‘Tail Spend’ present unique sourcing challenges to most organisations. These categories are characterised by being unpredictable in their demand, they require accurate specifications, are deadline driven and often have a low average order value.
Many companies focus a lot of time and effort trying to gain new customers rather than looking after the ones they already have. However, employing a strategy to increase customer retention can increase profits significantly as it is considerably more expensive and time consuming to acquire new customers than it is to retain existing ones.
Tail spend is a phrase that is commonly used to describe the spend that a company is making but not accounting for or managing strategically through the company’s procurement policy. This is the spend that falls outside the main purchasing categories.
Often these purchases are made by employees who may not have the time or skills to make effective purchasing decisions.